Envestnet Inc (NYSE: ENV) has reported E.P.S. of $-0.03 for its third fiscal quarter (ending September 30) versus $0.13 for the same period a year ago — a decline of -123%. For the latest four quarters through September 30, E.P.S. were $-4.77 compared to $-1.68 a year ago — an increase of 184%.
Recent Price Action
On 11/7/24, Envestnet Inc (NYSE: ENV) stock rose slightly by 0.2%, closing at $63.01. Moreover, this advance was accompanied by exceptionally high trading volume at 228% of normal. The stock has been strong relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ENV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Envestnet has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Envestnet has a very low Appreciation Score of 13 but a good Power Rating of 80, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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